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The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
When a Section 8 voucher participant rents from a participating landlord, the local PHA “pays the difference between the household’s contribution (set at 30 percent of income) and the total monthly rent.” [13] The Section 8 voucher program does not set a maximum rent, but participants must pay the difference between the calculated subsidy ...
But now, with greater vacancy rates and more people out of work, landlords are scrambling for tenants. And suddenly, Section 8 tenants are a hot-ticket item again. And suddenly, Section 8 tenants ...
Other attempts to solve these problems include the 1974 [40] Section 8 Housing Program, which encourages the private sector to construct affordable homes, and subsidized public housing. This assistance can be "project-based", subsidizing properties, or "tenant-based", which provides tenants with a voucher, accepted by some landlords.
Real estate prices have bottomed out. Depending on the market-- Las Vegas, Arizona, Southern California -- house prices can be insanely low. In Broward County, Fla., for example, homes that once ...
To incentivize landlords, SHRA launched a program that provided a one-time $2,500 bonus for landlords who took a Section 8 tenant in the last year. It also offered a $2,000 bonus for landlords who ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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